US hog supplies at a seasonal turning point. July 25, 2022
October lean hog futures temporarily pushed past Friday's high in the morning. The day's lows, much under Friday's lows, helped us form a convincing Outside Day closing lower. The hog market has a tough balancing act right now. The prior two weeks saw smaller than expected hog offerings to packing plants. However, we are now also past the year's seasonal low in supply.
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